Whats so good about score watch?

Whats so good about score watch?

I just signed up for the monthly plan of score watch and im so sure im enjoying paying for a fee when i haven't seen anything great so far about it. I mean why do i have to pay when i want to look at my new report? Why isn't it just included or how come i can't just update it since im paying a monthly fee, why shouldn't i just use the equifax.com version and i could update everyday if i want and just pay that monthly fee? I kinda want to be able to check my score daily when i pay off things that im doing right now? I mean i just paid off 2 cards and i can't even see a change in my report or score yet, it seems i have to wait weekly.

Re: What's so good about score watch?

If you want a FICO score, Score Watch is the way to go. In case you didn't know, equifax.com doesn't offer a FICO score, it's FAKO.

Just because you pay a bill doesn't mean it gets reported immediately and thus, you won't see the change in your score immediately either. Updates after a payment is made are initiated by your creditor - probably monthly - just after your bill is cut. You might be able to find out that date just by calling customer service or by keeping track on a CMS.

So, perhaps you need to reconsider when you check your score/reports. That way, you won't be so disappointed.

Good luck and congrats on paying off 2 cards. I'm sure you'll be please with the score bump when they report to the CRAs.

Re: Whats so good about score watch?

You should probably read up on how Score Watch works, too.

In order to see FICO score updates, you need to set your "Target Score" to your current FICO score. It will let you know if your score goes up/down on a weekly basis. It will also check your FICO score when you have another qualifying event -- CC balances goes UP, new account, new inq, etc. There is a lot of information, you just need to read. Check out the "Settings" tab in your Scorewatch first. It should help you understand what triggers an update.

And don't forget to set your target score to get the most out of Score Watch!

Personally, I use scorewatch to monitor my FICO score, but I also use USAA credit monitoring so I can look at all 3 reports everyday ($12/month). Using both really helps you keep an eye on things.

Re: What's so good about score watch?

MontegoMack wrote:

If you want a FICO score, Score Watch is the way to go. In case you didn't know, equifax.com doesn't offer a FICO score, it's FAKO.

Just because you pay a bill doesn't mean it gets reported immediately and thus, you won't see the change in your score immediately either. Updates after a payment is made are initiated by your creditor - probably monthly - just after your bill is cut. You might be able to find out that date just by calling customer service or by keeping track on a CMS.

So, perhaps you need to reconsider when you check your score/reports. That way, you won't be so disappointed.

Good luck and congrats on paying off 2 cards. I'm sure you'll be please with the score bump when they report to the CRAs.

*edited for grammar.

Well i paid off my cards right before closing date to show a zero balance and i still don't see an update yet. They closed last weekend. Not dissappointed just want to get it right. Im working hard right now to get the best out of my score to get some new prime tradelines.

Re: Whats so good about score watch?

apandabear wrote:

You should probably read up on how Score Watch works, too.

In order to see FICO score updates, you need to set your "Target Score" to your current FICO score. It will let you know if your score goes up/down on a weekly basis. It will also check your FICO score when you have another qualifying event -- CC balances goes UP, new account, new inq, etc. There is a lot of information, you just need to read. Check out the "Settings" tab in your Scorewatch first. It should help you understand what triggers an update.

And don't forget to set your target score to get the most out of Score Watch!

Personally, I use scorewatch to monitor my FICO score, but I also use USAA credit monitoring so I can look at all 3 reports everyday ($12/month). Using both really helps you keep an eye on things.

Re: What's so good about score watch?

quarius wrote:

Well i paid off my cards right before closing date to show a zero balance and i still don't see an update yet. They closed last weekend. Not dissappointed just want to get it right. Im working hard right now to get the best out of my score to get some new prime tradelines.

FYI, you won't get an alert on balances going down. So you'd have to wait for the weekly FICO score check, which is based on your current Target score.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation.
Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies.
Many factors affect your FICO Scores and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.
FTC's website on credit.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.